Corsair Gaming Inc (CRSR)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 186,006 | 232,170 | 242,898 | 321,393 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 623,838 | 568,180 | 437,390 |
| Debt-to-equity ratio | 0.28 | 0.37 | 0.43 | 0.73 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $186,006K ÷ $667,575K
= 0.28
The debt-to-equity ratio of Corsair Gaming Inc has shown a decreasing trend from 2.33 in 2019 to 0.30 in 2023. This indicates a decline in the company's reliance on debt financing compared to equity financing over the years. A lower debt-to-equity ratio suggests a lower financial risk for the company, as it indicates a healthier balance between debt and equity in its capital structure. The decreasing trend could signify improved financial stability and potentially better access to capital markets for Corsair Gaming Inc. Overall, the company's decreasing debt-to-equity ratio reflects a positive financial position in recent years.
Peer comparison
Dec 31, 2023